The Drewry World Container Index fell -3.3% WoW to $2,517 per 40ft container in the week ending July 24, 2025, marking its sixth straight weekly decline and continued reversal from the June tariff surge.

• Shanghai–Los Angeles rates dropped -5% WoW to $2,675, while Shanghai–New York fell -7% to $4,210.
• The post-tariff cargo rush has faded, prompting carriers to cancel transpacific sailings.
• Drewry forecasts continued spot rate declines into H2 2025 as supply-demand imbalances reemerge.
• Future rate trends remain volatile due to uncertainty over US tariffs and potential shipping penalties on Chinese vessels.